Cognizant Technology Solutions Announces Data Warehouse Consolidation Service.TEANECK, N.J.--(BUSINESS WIRE)--Aug. 30, 1999-- New Service Will Tie Dispersed Data Marts Together To Accommodate M&A Activity and Remediate the Proliferation of Stovepipe Systems Cognizant Technology Solutions Cognizant redirects here. For a definition of the word see the entry for at Wiktionary Cognizant Technology Solutions (NASDAQ: CTSH) is an information technology services company with headquarters in New Jersey U.S.A. Corporation (Cognizant) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTSH), an application management outsourcer providing software development and maintenance services, today announced a comprehensive service to consolidate data warehouses. The idea for the new service came from increasing requests from Cognizant clients seeking to consolidate data warehouses as a result of a merger or acquisition. "The 'Roaring 90s' have produced a rash of merged businesses that need to combine separate, often incompatible, data warehouses," said N. "Veera" Veeraraghavan, Senior Manager for Data Warehouse Projects, Cognizant Technology Solutions Corporation. "Cognizant's expertise in this arena is strong, covering a broad spectrum of platforms, tools, and a variety of clients. The onsite/offshore model provides the needed coding resources in a cost effective way." The onsite/offshore business model is particularly useful when consolidating data warehouses. For example, as a result of a merger or acquisition companies are pressed to complete integration quickly and the onsite/offshore model expedites delivery cost effectively. Cognizant can build the new integrated warehouse - rewriting all extracts, data models, reports - or maintain the old data warehouse while internal staffers develop the new data warehouse. Onsite/offshore offers quick turnaround and the highest quality project management. Projects are facilitated by Cognizant's onsite/offshore CMM (Capability Maturity Model) A process developed by SEI in 1986 to help improve, over time, the application of an organization's supporting software technologies. Level 4 certified service model, enabling project managers at the client's location to communicate with programmers in India, and undertake development and maintenance on an around-the-clock, seven-days-a-week basis. Cognizant provides programming resources for data warehouse activities that currently don't have robust toolsets available. This includes the frequent refreshing and loading of target databases, the maintenance of different cubes to reflect slowly changing dimensions Dimension is a term in data management and data warehousing that refers to logical groupings of data such as geographical location, customer information, or product information. Slowly Changing Dimensions (SCD) are dimensions that have data that slowly changes. and meta data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. . Cognizant also supplies ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. report development. In addition, demand for data warehousing See data warehouse. data warehousing - data warehouse has been boosted by the rapid growth of the Internet. "As the World Wide Web multiplies both the amount of information gathered on potential and current customers, and the uses for that data, the value of effective knowledge management is growing every day," Veeraraghavan said. About Cognizant Technology Solutions Cognizant delivers high-quality, cost-effective, full life-cycle solutions to complex software development and maintenance problems. Cognizant employs more than 1,600 computer sciences and engineering professionals at client sites and at its seven development centers in India. The company's offerings include application development, maintenance and re-engineering, with expertise in data warehousing, web enabling, and object-oriented development. Cognizant's development centers have been assessed at SEI-CMM Level 4 and its methodologies are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified. For more information, visit Cognizant on the web at http://www.cts-corp.com. This press release includes statements which may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Although Cognizant believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. These statements may involve risks and uncertainties that could cause actual results to differ materially from the expected results. Such risks include, but are not limited to, the risk factors described in Cognizant's Registration Statement on Form S-1 and in other reports and periodic filings made from time to time with the Securities and Exchange Commission. |
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